The United Arab Emirates wants Libya to “return to oil production” as soon as possible, a top Emirati official said Monday, after officials with Libya’s U.N.-supported government in Tripoli accused …
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NMC’s UAE entity weighing Abu Dhabi option for restructuring: sources
Troubled hospital operator NMC Health’s entity in the United Arab Emirates (UAE), NMC Healthcare LLC, is considering applying for restructuring and insolvency proceedings locally, two sources familiar …
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UAE Govt support for citizens reached $2bn in 2019
Financial aid and social benefits accounted for 13.4% of total federal government expenditure last year The UAE Government has revealed that … according to statistics from the Ministry of Finance.
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Dubai stimulus reinforces commitment to private sector
Governments across the world have announced economic stimulus packages to mitigate the difficulties faced by businesses due to lockdowns following the outbreak of COVID-19. The UAE and Dubai have been …
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FIrst UAE-China digital expo kicks off on July 15
UAE Economic and Trade Digital Expo will be held jointly by the UAE Ministry of Economy and the China Council for the Promotion of International Trade (CCPIT) from July 15 to 21. The week-long event …
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Mission to Mars: UAE Set to Become First Arab Nation to Explore Other Planets
Hope” or “Al Amal” in Arabic – is scheduled to liftoff from Japan’s Tanegashima Space Center and begin a seven-month journey to the Red Planet. The probe is expected to enter Mars’ orbit in 2021, coin …
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Dubai ‘asks few questions’ about dirty money flows, report says
A range of criminals, corrupt politicians and money launderers call Dubai home or operate from inside its glistening towers, according to a new report.
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Why UAE companies must comply with economic substance regulations
The objective for introducing ESR is to avoid shifting of profits from high tax jurisdictions to low or no tax jurisdictions …
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UAE among top 10 countries ready to adopt driverless cars
the UAE is well on its way to achieving its goal of a future where the use of AVs becomes mainstream on its roads,” said Ravi Suri, Partner, Global Head of Infrastructure Finance, KPMG Lower Gulf. As …
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Dubai Non-Oil Private Sector Emerges From Contraction in June: PMI
Dubai, the Middle East’s trade and tourism hub … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement …
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Dubai’s Nomad Homes raises $4m in seeding funding
Dubai-based digital real estate platform Nomad … The company is building a managed marketplace for users to search, transact, and finance residential real estate. Nomad aims to help its …
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SynProNize Launches Distribution, Production & Monetization Company from Dubai UAE
Founders Nitin Michael and Hasnaa Descuns announce the launch of their new content production and distribution agency which will partner with top digital platforms and linear broadcasters in APAC, Afr …
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Dubai’s real estate is now taking a fancy to Bitcoin. Read to find out how!
As things stand now, no developer signs SPAs based on Bitcoin. It is a lot to do with accepting the process and the channel in which the payment can be made to developers. “It is still very limited… …
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UAE banks’ lending, deposit growth stable: report
The report covers macro-financial conditions, regulatory developments, assessments of the banking and finance sector, as well as assessments of payment systems, capital markets and the insurance …
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UAE banks can withstand shocks of any size -central bank
The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as banks are well capitalised, despite forecasting a deterioration of credit metrics …
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Coronavirus: UAE banking sector can withstand shocks of any size, says central bank
UAE banking sector is able to withstand macro-financial shocks of any size, says UAE Central Bak. (WAM) The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand …
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UAE banking system can withstand shocks of any scale, CBUAE says
Stress tests demonstrate the country’s banking system is ‘resilient’, with liquidity buffers well above regulatory requirements …
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